Notable profits for the buyer who lifted the $13.00 offer for 1,921 General Electric (GE) Jul-25 250 puts yesterday at 10:24ET when underlying shares were trading at $244.84. Shares closed at $242.00, and the puts at $14.10 for a mark-to-market profit of 8%, or $211K, on the $2496K outlay.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GE:
- Sector Spotlight: Boeing enters non-prosecution agreement with DOJ
- GE Aerospace price target raised to $300 from $260 at Jefferies
- Defense tech startup Anduril raises $2.5B in new funding round, TechCrunch says
- GE Aerospace price target raised to $275 from $220 at RBC Capital
- Kratos Defense sign teaming agreement with GE Aerospace